May in dire need of EU concessions

A new report from academic think tank The UK in a Changing Europeexplains what trading on WTO terms would really mean.

“Parliament has begun perhaps its most important peace-time deliberation. A lot of MPs are claiming that trading with the EU on WTO terms would be an acceptable outcome. The report investigates this claim and underlines that trading on WTO terms would be highly damaging to UK trade with the EU and other countries” said professor Anand Menon, director of The UK in a Changing Europe.

#WTO terms are the default & most certain #Brexit option for business. HMG must now take this outcome and has £4.2bn to do so. The #EU has 39bn reasons to engage and protect the Irish economy and EU exporters when it’s clear we’re not surrendering to “the best deal available”. pic.twitter.com/ZbxX2Jpeym